Question
Assume in the morning an equity mutual fund owned $20,000,000 in stocks and $1,000,000 in cash, owed $2,000,000 in bank loans and 10,000,000 shares outstanding.
Assume in the morning an equity mutual fund owned $20,000,000 in stocks and $1,000,000 in cash, owed $2,000,000 in bank loans and 10,000,000 shares outstanding. The stock prices increased 20%, yielded 1% (on the original value) in dividends and the MF manager paid down half his debt. (Round to the nearest penny) What is the new MF NAV?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Principles Of Commercial Real Estate Finance
Authors: Gail Ramshaw, Mortgage Bank
1st Edition
0793157099, 9780793157099
